Archived
Can I turn over a money judgment to a collection agency while pursuing a second judgment on the same tenant?
Michael's answer
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Answered on March 24, 2014
Legally, you can pursue the second judgment separately, but I am not sure if you will win. Typically the first judgment ends the lease so you are...
Archived
My home Is up for sheriffs sale in 1 week. What is form that can stop a sheriffs sale in 24 hours. How do I get it?
Michael's answer
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Answered on March 24, 2014
I'm not aware of any form you can file. Bankruptcy stops the foreclosure but possibly just for a little while until a bankruptcy judge decides...
Archived
Need direction on Deed in Lieu situation.
Michael's answer
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Answered on March 24, 2014
I have not heard of a deed in lieu going through when there's a second mortgage or HELOC, but hopefully I'm just behind on recent developments. But...
Archived
In Florida, is it legal to rent out a property that is foreclosed on, but still under your name to help pay the HOA fees?
Michael's answer
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Answered on March 24, 2014
I say yes. If the foreclosure has not been completed, it's still your place. Furthermore, I don't think anyone would object or try to get you in...
Archived
Tax exemption for 2nd mortgage debt forgiveness
Michael's answer
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Answered on March 24, 2014
IRS Form 982 is what you use to get out of the tax liability. Assuming you do not have many assets, you just show that you are insolvent and the...
Archived
My house was forclosed on and I owe more than what the bank sold my house for. Am I liable for the difference?
Michael's answer
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Answered on March 24, 2014
The 1099 C is usually a signal that they will not come after you for the rest since they are stating to the IRS that they have cancelled the debt....
Archived
In my chapter 13 bankruptcy I stated that it was my intention to surrender my timeshare Can I change my mind afterwards?
Michael's answer
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Answered on March 24, 2014
The way the law reads, you have to modify your plan if it has not been confirmed already. But, timeshares are usually desperate to get any money so...
Archived
Served summons to appear before Court of General Sessions - Shelby County - Midland Financial, LLC.
Michael's answer
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Answered on March 24, 2014
Keep in mind the statute of limitations is a defense that you have to present in court. They will get a chance to counter your allegations about...
Archived
Awarded 909.00 in small claims landlord tenant div went to collect and manager called police filed trespassing.
Michael's answer
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Answered on March 24, 2014
For $909, you are usually best off making some sort of deal. You could potentially file a lien on whatever property is owned or try to freeze a...
Archived
How much does a seas and desist notice cost?
Michael's answer
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Answered on March 24, 2014
If you are talking about sending a letter, you can do that for free - just include a copy of the order or document you are relying on to tell them...
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